M&A Deal Summary

Stewart Capital Management, Hadley Capital and Spring Capital Partners Acquire 4AllPromos

On December 7, 2023, private equity firm Stewart Capital Management, private equity firm Hadley Capital and mezzanine finance firm Spring Capital Partners acquired e-commerce company 4AllPromos

Acquisition Highlights
  • This is Stewart Capital Management’s 1st, Hadley Capital’s 1st and Spring Capital Partners’ 1st transaction in the E-Commerce sector.
  • This is Stewart Capital Management’s 9th, Hadley Capital’s 27th and Spring Capital Partners’ 44th transaction in the United States.
  • This is Stewart Capital Management’s 1st, Hadley Capital’s 1st and Spring Capital Partners’ 2nd transaction in Connecticut.

M&A Deal Summary

Date 2023-12-07
Target 4AllPromos
Sector E-Commerce
Buyer(s) Stewart Capital Management
Hadley Capital
Spring Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

4AllPromos

Essex, Connecticut, United States
website
4AllPromosis a direct marketer of promotional products that sells products online with order customization and fulfillment taking place through a network of third-party suppliers. 4AllPromosis is based in Essex, Connecticut.

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Buyer(S) 3

Buyer

Stewart Capital Management

Overland Park, Kansas, United States

Investor

website


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Stewart Capital Management is a private equity firm that invests in middle-market companies headquartered throughout North America. Stewart focuses on companies with revenues in excess of $20 million and EBITDA greater than $3 million. Specific areas of interest include manufacturing, direct marketing, restaurant, and retail companies. The Firm will consider a variety of transaction types, including MBO’s, growth capital financings, recapitalizations and corporate divestitures. Stewart Capital Management was formed in 2006 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 9 of 9
Sector (E-Commerce) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 9 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Air Waves

Lewis Center, Ohio, United States

Air Waves is a provider of on-demand garment printing and fulfillment services for major online retailers. Air Waves design, source, print, and fulfill private label programs that mitigate inventory risks and maximize revenue. Air Waves was founded in 1983 and is based in Lewis Center, Ohio.

Sell -
Buyer

Hadley Capital

Wilmette, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Hadley Capital LLC is a private equity firm that targets investments in small, established companies. The Firm looks for businesses generating sales of $5 to $30 million and EBITDA of $1 to $5 million. Hadley Capital seeks opportunities across a variety of industries; including manufacturing, business services, and distribution. Prospective transaction types include acquisitions, leveraged buyouts, management buyouts, recapitalizations, growth capital financings, and industry consolidations. Hadley was formed in 1998 and is based in Wilmette, Illinois.


DEAL STATS #
Overall 27 of 27
Sector (E-Commerce) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 21 of 21
State (Connecticut) 1 of 1
Country (United States) 27 of 27
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Qdx Pathology Services

Edison, New Jersey, United States

Qdx Pathology Services provides personalized laboratory services, as well as a full range of ancillary support and practice management solutions. Qdx Pathology Services is based in Edison, New Jersey.

Sell -
Buyer

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor

website


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 44 of 44
Sector (E-Commerce) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (Connecticut) 2 of 2
Country (United States) 44 of 44
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-27 Chibuzo

Fort Smith, Arkansas, United States

Chibuzo is a flexible manufacturer of custom, high-mix pallets, crates, grade stakes, mulch, shavings, and sawdust. Consisting of two operating entities, General Pallets & Crates and Southland Manufacturing, Chibuzo specializes in new wood pallets and crating, providing high quality products and value-added services. Chibuzo is based in Fort Smith, Arkansas.

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